Cook County Real Estate - Median Price Comparisons

The chart above depicts the downward trend of median prices in Cook County for a combination of attached and detached properties from September of 2007 through September of 2009. What I find interesting is the difference between the median price of new listings (the green line) vs. the median price of sold listings (red line) and even the under contract listings (blue line). Either sellers are very optimistic or unrealistic!

This comprises all of Cook County so this might not pertain to a specific town or subdivision. Single family Orland Park homes might show a different data set, for example. But this is a good indication of our Cook County market. Most of what we hear on the news is national data, which isn't always accurate for every state or village.

If you're interested in searching for homes in the southwest area of Cook County feel free to fill out the Home Finder Form and you will receive all MLS listings in your price range, area and with the amenities you want - sent directly through your e-mail.

Orland Park Homes For Sale Today

It's time to review the amount of Orland Park homes currently available for sale. We are ending our popular summer purchasing time since school will be starting for many in August. Most families have already purchased their next home. Some have already moved and some are waiting to close.

By clicking the link above you'll see that as of today's date, there are 295 single family Orland Park homes for sale. Prices start at $170,000 for a 3 bedroom, 1 1/2 bath ranch style home and go as high as $2,395,000 for a 5 bedroom, 6 1/2 bath two-story. You can see photos, some virtual tours and descriptions of all of these homes by clicking the link in the first paragraph.

Although popular Orland Park hasn't lost value like some other areas, prices have dropped and this might be your chance to buy in this sought after village. This is still a slow buyers market and sellers that have to sell are pricing their homes right, offering some lucky buyers the opportunity to get some great deals.

If you're interested in purchasing an Orland Park home give Judy Orr a call at 708-536-8200 or use the Quick Contact Form to the left.

Tinley Park Townhomes

I currently have two beautiful Tinley Park townhomes for sale. Click the link for all of the Tinley Park attached properties currently available in the MLS.

Here are two I have listed:

6832 W. 179 St. - SOLD! This is a beautiful 3 bedroom, 2 1/2 bath Tinley Park townhouse with gleaming new hardwood floors on the main level, a loft area that is currently used as a den/office, a 2 car garage and a basement. This unit is located near downtown Tinley Park.


7018 Plymouth Ct. - SOLD! Click the link to see this grand 2 bedroom Tinley Park townhouse with 2 1/2 bathrooms, 2 car garage, beautiful fireplace, spacious loft and a finished basement. This townhouse is the least expensive unit in popular Meadow Mews subdivision.

If you'd like to view any Tinley Park townhouse or condo call Judy Orr at 708-536-8200 or use the Contact Form to the left.

Oak Lawn Homes

Image by Getty Images via Daylife

As of today, there are 292 Oak Lawn homes for sale. That's the first drop we've seen in a while. That could mean that there are more buyers buying and it could also mean that some sellers have given up and taken their homes off the market. Either way, the inventory has gone down a little bit.

There are still foreclosures and short sales at good prices (starting as low as $119,900, which is higher than some of the prior foreclosure homes that were available before). I've shown many of the foreclosures and short sales and some of them are a real mess, but others have been great values.

If you haven't purchased yet there is still a chance for you to find a great deal. If you're a first-time buyer you can also get up to an $8,000 tax credit but you must purchase before December 1, 2009.

If you're interested in purchasing Oak Lawn real estate, click the link and fill out the Automated Home Finder Form and you'll receive listings sent directly to your e-mail.

Orland Park Real Estate Market Review

The chart to the left shows Orland Park real estate statistics comparing '08-'09. As you can see, there is still way too much inventory compared to the pending sales and those that have sold and closed. It's great to be a buyer for Orland Park homes.

This is why it is so important for sellers to price their Orland Park properties correctly. Buyers have a huge selection of homes in all price categories. They only write offers on the properties that are priced correctly for what they offer. This chart shows the true imbalance of properties that have actually sold compared to those currently up for sale.

The reality is, if you don't price your place correctly for what it has to offer (or not) it simply will not sell. Buyers won't make an offer since they'll find something better to make an offer on. If your home is not priced right you will not get any offers at all. You might not even get any showings.

I hope this chart shows you the real Orland Park real estate market. This chart was created by Terradatum that uses the information from the Northern Illinois MLS. If you'd like to take advantage of this high amount of inventory, which brings prices down, give Judy Orr a call at 708-536-8200 or use the contact form to the left.

Tinley Park Condos for Sale

How many Tinley Park condos for sale are there today? As of May 2, 2009, there are currently 327 condos and townhomes for sale in Tinley Park, IL. Think you can find one in that huge selection?

Click the link above to view all attached properties for sale in Tinley Park separated by price range. You don't even have to conduct a search, it's there for you to click and view.

Of course, if you'd like to narrow the search down to exactly what you want, then search the Tinley Park MLS. Once you find something give Judy Orr a call at 708-536-8200 to set some appointments or use the Contact Us box to the left.

There's some great deals in Oak Lawn right now

I'm seeing more and more short sale and foreclosure properties available in all towns I work in. But a couple of steals have been on the market in Oak Lawn lately. There are 2 bedroom, 2 bath Oak Lawn condos for sale with in-unit laundry rooms and one even has a garage at some very low list prices.

One of the units I recently saw has an offer and the latest steal already has multiple offers and hopefully my buyer has a chance at it because this one is really the best deal I've seen! Click the link above to view a list of all Oak Lawn attached properties currently up for sale.

Short sales and foreclosure listings are not for the timid and you need to understand the process, which can be lengthy. There are also special addendums that accompany all of these kinds of sales.

I'm still waiting to get a signed contract back from an accepted reo property in Oak Park, IL. It's been over a week since we were told the offer was accepted but no contract from the bank that owns this home. It can get very frustrating.

If you're looking to invest or just get a good deal, check out the website link given above. That site offers a full MLS search where you can get property details, photos and even virtual tours. Keep in mind, these kinds of low priced properties sell fast and have multiple offers. But even with accepted offers above asking price, they are still a very good value.